Optimizing the investment unit through a share consolidation and reduction of the trading unit to 100 shares
First written in FY2017. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
- FY2018-Q2AchievedAnnual report
「Pursuant to a resolution adopted at the 205th Annual General Meeting of Shareholders held on 23 June 2017, the Bank conducted a share consolidation at a ratio of 1 share for every 5 common shares, with 1 October 2017 as the effective date.」
The 5-for-1 share consolidation approved at the Annual General Meeting of Shareholders was carried out on 1 October 2017. The trading unit was also changed from 1,000 shares to 100 shares, completing the implementation of the measures to optimise the investment unit. - FY2017First statedAnnual report
「In light of this objective, the bank decided to change the trading unit for its shares from 1,000 shares to 100 shares. At the same time, it will consolidate its shares at a ratio of 5 shares to 1 to bring the investment unit into the range recommended by the national securities exchanges, ¥50,000 or more but less than ¥500,000. Effective 1 October 2017, shares held by shareholders listed or recorded in the final shareholder register as of 30 September 2017 will be consolidated at a ratio of 1 share for every 5 shares held.」
The bank planned to change the trading unit from 1,000 shares to 100 shares and consolidate 5 shares into 1 to optimize the investment unit.